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Showing 2951 - 2960 of 8611 results for "DIF"

APRA begins super data transformation efforts

HARRISON WORLEY  |  FRIDAY, 8 NOV 2019
APRA is embarking on a multi-year project to improve the quality of its superannuation data collection that will pave the way for the proper comparison of super products, with choice super set to come under increased scrutiny. Known as APRA's Superannuation ...

Actuaries develop retiree rule of thumb

HARRISON WORLEY  |  THURSDAY, 7 NOV 2019
A group of actuaries have answered the calls of retirees looking for a simpler way to determine how much money they should draw out of their savings in retirement, developing a new three-part rule of thumb. The Rule of Thumb Working Group has developed ...

Is EM an investor's saving grace?

ELIZA BAVIN  |  THURSDAY, 7 NOV 2019
With interest rates at record lows, Fidelity International believes investing in emerging markets may be the saving grace for many investors feeling the pinch. Speaking at the Fidelity Emerging Markets Adviser Forum in Sydney, Fidelity's cross asset ...

Former Apogee, GPS Wealth advisers banned

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2019
A former Apogee Financial Planning adviser has been handed a four-year ban for failing to provide appropriate advice. Meanwhile, a former GPS Wealth representative has been banned for three years for similar misconduct involving insurance products. ...

ASIC calls out accountants

ELIZA BAVIN  |  TUESDAY, 5 NOV 2019
The Australian Securities and Investment Commission said it does not believe accountants provide "more compliant or better financial advice" than financial advisers. In its submission to the Review of the Tax Practitioners Board released by Treasury ...

Sunsuper, QSuper confirm merger talks

HARRISON WORLEY  |  TUESDAY, 5 NOV 2019
The two industry funds are in talks over a possible merger, one which would see the creation of Australia's largest superannuation fund. Queensland-based industry superannuation funds Sunsuper and QSuper have confirmed they are locked in discussions ...

Cbus chief opposes default longevity requirements for CIPRs

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
David Atkin says mandating all default retirement income products to manage longevity risk could hamper funds' ability to tailor solutions to their member needs. Speaking at a retirement income conference in Melbourne yesterday, Atkin said Cbus is currently ...

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
Here we go again, the never-ending Sino-Yankee trade deal or no deal saga. This from Bloomberg: "Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. even as the two sides get close to signing a "phase ...

Industry fund offers bonus on income streams

KANIKA SOOD  |  THURSDAY, 31 OCT 2019
A $54 billion industry fund is nudging its older members towards income streams with a bonus of up to 2%, as it develops its retirement income solutions. Cbus will introduce a bonus for members upon retirement, with chief executive David Atkin saying ...

Inflation the forgotten risk to retiree portfolios

HARRISON WORLEY  |  WEDNESDAY, 30 OCT 2019
Advisers should not underrate inflation risk when building retirement income portfolios for clients, an AMP Capital portfolio manager told attendees at Financial Standard Retirement Income Best Practice Forum in Sydney this morning. Speaking during ...